The ISM (Institute of Supply Management) publishes a monthly manufacturing report that tracks the changes in new orders, supplier deliveries, inventories, production, and employment. This ISM New Order Index is a diffusion index, and the respondents are asked to rate the conditions of their industry (VIS) as either good or bad. The ISM manufacturing report has 11 constituent indexes, and the New Order Index is one of the key ones.

What Boosted the Leading Economic Index in 2017? The ISM (Institute of Supply Management) publishes a monthly manufacturing report on changes in new orders, supplier deliveries, inventories, production, and employment. The ISM New Orders Index is a diffusion index, with the extremes being zero and 100. There are 11 constituents in the ISM manufacturing report, and the Conference Board uses the New Orders Index as one of the constituents in its LEI (Leading Economic Index) model.